June 10, 2021

Sacramento Bee: White, Asian families have most to gain if Congress restores tax break Trump capped, report says

media mention

“Outright repeal of the SALT cap without an adequate replacement would exacerbate racial inequities in this country,” said a study from the Institute on Taxation and Economic Policy’s Carl Davis and Jessica Schieder.

The report noted that property taxes tend to be a big component of state and local taxes, which could “disproportionately benefit home-owning taxpayers with homes in whiter neighborhoods.

Read more here: https://www.sacbee.com/news/politics-government/article251974783.html#storylink=cpy